Zim Integrated Shipping Services

Zim Integrated Shipping Services

Zim Integrated Shipping services is Israel’s largest shipping company. Established in 1945, Zim operates a fleet of more than 80 vessels with a total carrying capacity of more than 332,000 TEUs (20-foot-equivalent units) as of December 2013, making it the world’s 18th largest shipping company.

The Haifa-based company is a subsidiary of Israel Corp. Its U.S. headquarters is in Norfolk, Virginia.

17 Jul 2014
Zim Integrated Shipping Services said it finalized its debt restructuring deal after its parent Israel Corp. invested $200 million of new equity into the ocean carrier.
28 Mar 2014
For someone who’s just unveiled a whopping $530 million net loss for 2013, Zim’s chief executive Rafi Danieli appears to be in an outlandishly bullish mood.
27 Mar 2014
LONDON — Zim Integrated Shipping Services’ net loss soared to $530 million in 2013 — more than half booked in the final three months — from $428 million a year earlier, but the Israeli ocean carrier said an imminent restructuring deal will “dramatically” improve its finances.
19 Feb 2014
A depressing air of déjà vu enveloped the Hamburg shipping community when Greek container ship owner Danaos announced that it is taking a $19 million hit on the debt restructuring of Zim as it cuts the charter rates of six ships on hire to the Israeli ocean carrier.
Zim Dalian
13 Feb 2014
Zim has canceled its remaining orders for four 12,552-TEU ships from Samsung Heavy Industries and four 8,800-TEU ships from Hyundai Samho...
11 Feb 2014
Danaos, the Greek container ship owner, remained in the red in the fourth quarter of 2013, but swung to a profit for the full year from a loss in 2012.
10 Feb 2014
New estimates on postponement of ship deliveries and scrapping are already tamping down estimates on capacity tonnage growth this year.
Cargo containers on a ship
04 Feb 2014
Based on SeaIntel’s monthly Global Liner Performance reports from 2013, container ships reached their destination ports around the world on time 79.5 percent of the time in 2013...
Container ship
31 Jan 2014
Container ships arrived at their destination ports across the globe on time 73.7 percent of the time in December 2013...
29 Jan 2014
Member carriers in the Transpacific Stabilization Agreement plan to increase Asia-U.S. rates by $300 per FEU, effective March 15...
23 Jan 2014
Israeli ocean carrier Zim today announced it has reached a $3 billion debt restructuring deal with a majority of its creditors, paving the way for new partnerships with rival lines, an initial public offering and orders for mega container vessels.
Zim Virginia
17 Jan 2014
Israel Corp. is set to lose control over Zim Integrated Shipping Services after creditors agreed to restructure the financially troubled Israeli ocean carrier’s debt.